Industrial confidence in Brazil continues to fall – FGV

The outlook for the next six months also became less optimistic, the indicator that measures the business trend decreased 1.2 points to 102.7 points. The less optimistic outlook for production and business trends generates a slight drop in hiring intentions.

RIO DE JANEIRO, BRAZIL - The Industrial Confidence Index (ICI) calculated by the Brazilian Institute of Economy of the Getulio Vargas Foundation (FGV/Ibre) dropped 0.6 points in September, to 106.4 points, the second consecutive month of decline after four months of gains. In quarterly moving averages, the index declined 0.4 points.

"Although the industry showed good recovery in the second half of 2020, it has been facing difficulties maintaining the pace of recovery throughout 2021. The perceptions about the present and future situation have been oscillating due to cost pressures, high unemployment, economic and institutional instability. In . . .

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